ID :
183296
Fri, 05/20/2011 - 09:16
Auther :
Shortlink :
https://oananews.org//node/183296
The shortlink copeid
Samsung Heavy Q1 net jumps 23 pct
SEOUL, May 20 (Yonhap) -- Samsung Heavy Industries Co., South Korea's No. 3 shipbuilder, said Friday that its first-quarter earnings rose 23 percent from a year earlier thanks to increased orders for high-priced ships.
Net profit reached 291 billion won (US$269 million) in the January-March period, compared with a profit of 236 billion won a year earlier, the company said in a regulatory filing.
Sales increased 5.3 percent to 3.5 trillion won over the cited period, and operating profit climbed 17 percent to 379 billion won, it said.
Samsung Heavy said its first-quarter profit increased as it won more deals to build high-priced ships.
Shares of Samsung Heavy were trading at 44,200 won on the Seoul bourse as of 1:25 p.m., up 13.8 percent.
Net profit reached 291 billion won (US$269 million) in the January-March period, compared with a profit of 236 billion won a year earlier, the company said in a regulatory filing.
Sales increased 5.3 percent to 3.5 trillion won over the cited period, and operating profit climbed 17 percent to 379 billion won, it said.
Samsung Heavy said its first-quarter profit increased as it won more deals to build high-priced ships.
Shares of Samsung Heavy were trading at 44,200 won on the Seoul bourse as of 1:25 p.m., up 13.8 percent.
